Bonk Price Could Rally 90%: Market Accumulation Hints at Upcoming Surge

Bonk Price Could Rally 90%: Market Accumulation Hints at Upcoming Surge / Source: TradingView

The Bonk price is tanking on Friday in tandem with a broader crypto market sell-off, but ongoing market accumulation continues to hint towards an upcoming 90% surge.

Last around $0.0000225, the Bonk price is once again testing its 200DMA.

Over the last few months, buying BONK when it tests its 200DMA and holding few weeks has been a great strategy.

If history repeats, that could be the case once again.

And it’s not just the 200DMA that is sending a potential buy signal.

The BONK price is nearing a retest of an uptrend that has been in play since February.

A bounce from this uptrend could set the stage for a 90% rally towards the $0.000040s.

BONKUSD / Source: TradingView

This marks the upper bounds of BONK’s accumulation range in recent months.

Bonk Price Could Rally 90%, But This Rival Could 100x

Now might be a great time to buy the BONK price dip, with a good chance 90% gains are incoming.

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